Regions Financial Co. (NYSE:RF) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP boosted its stake in Regions Financial Co. (NYSE:RF) by 112.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,055,597 shares of the bank’s stock after acquiring an additional 558,123 shares during the quarter. Trexquant Investment LP owned 0.12% of Regions Financial worth $24,828,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd grew its position in shares of Regions Financial by 122.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,150 shares of the bank’s stock valued at $27,000 after purchasing an additional 634 shares during the period. Sierra Ocean LLC purchased a new position in Regions Financial in the 4th quarter valued at about $28,000. Picton Mahoney Asset Management boosted its holdings in Regions Financial by 2,354.9% in the 4th quarter. Picton Mahoney Asset Management now owns 1,252 shares of the bank’s stock worth $29,000 after buying an additional 1,201 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in Regions Financial during the 4th quarter worth approximately $32,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Regions Financial during the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Piper Sandler lifted their price target on Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Compass Point lifted their target price on shares of Regions Financial from $25.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Truist Financial reduced their target price on shares of Regions Financial from $26.00 to $24.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Morgan Stanley restated an “equal weight” rating and set a $32.00 price target (up from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Finally, Barclays increased their price objective on shares of Regions Financial from $25.00 to $26.00 and gave the company an “underweight” rating in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.17.

Insider Activity

In other news, Director Joia M. Johnson bought 2,300 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average cost of $21.18 per share, for a total transaction of $48,714.00. Following the acquisition, the director now directly owns 17,486 shares of the company’s stock, valued at $370,353.48. The trade was a 15.15 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders bought 3,868 shares of company stock valued at $86,722. 0.29% of the stock is currently owned by corporate insiders.

Regions Financial Trading Up 1.6 %

NYSE RF opened at $21.77 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.84 and a quick ratio of 0.83. The stock has a market capitalization of $19.71 billion, a P/E ratio of 11.22, a PEG ratio of 1.93 and a beta of 1.19. The firm’s 50-day moving average is $23.20 and its two-hundred day moving average is $23.95. Regions Financial Co. has a 12 month low of $17.72 and a 12 month high of $27.96.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. Regions Financial had a net margin of 20.20% and a return on equity of 12.83%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the business posted $0.39 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, sell-side analysts anticipate that Regions Financial Co. will post 2.26 earnings per share for the current year.

Regions Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 4.59%. Regions Financial’s dividend payout ratio is currently 51.55%.

Regions Financial Company Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.